Price Reduced 1.69%
Price History
$1,475,000
11/14/2025
$1,450,000
1/14/2026
620 SW 7th St, #1-7, Pompano Beach, FL, 33060
1973
Amazing 7 Unit Multifamily Jewel Available! New Roof and New Impact Windows, 100% occupied with long term tenants since the owner purchased the building and updated. The unit mix consists of 3 - 2/1's , 3 - 1/1's and 1 large studio. Easy rent collection and Seller also easily self-manages the property. The Current Gross Income is $123,600. There is room to increase the rents and the Projected Gross Income will be $147,000. Annual Expenses are $29,463 which include Property Taxes:$19543, Water/Sewer:$3600, Insurance $5000, Lawn $720, Exterior Electric $600. Apartment electricity is metered separately and paid by Tenants. Current 6.5% cap, ProForma 8% cap. Seller has done all the hard work for the new Buyer! Collect Income right away with no work needed. Cash Cow!!
Status:
Pending
Type:
Commercial
Units:
7
Zoning:
B-3
Est. Taxes:
$19,534
Construction
Block
Days on Market:
96
MLS #:
A11914413
Community Info
School Info
Walk Score
Yelp
Listing courtesy of RPM LUXE REALTY 561-929-7317